2024-07-23 02:16:57

BTC about to pump?

From the daily chart on the left, it is clear that BTC is forming a potential double top structure.
Then around July 4th to 5th, it broke below the neckline.
But in the following days, it turned into a broken bottom and a simultaneous double top failure.

And looking at the weekly line on the right side
The short-term EMA did not fall below the medium-term EMA.
At the same time, the Trading Volume of these two weeks is significantly lower than the Trading Volume during the previous pump.
But can pull the price up from the market's panic shorts sentiment.

So I think this is the Market Maker in the market cleaning up the retail investors who entered the market in the last wave.
And let them get more long chips
At the same time, it can be seen that there is quite a long buy-in near 59000.
So I think the next trend should be two kinds.

1. After breaking through and pulling back to around 70,000, continue to move up (red arrow)
2. Close to the bottom around 59000 until Market Maker absorbs enough chips and moves upward (blue arrow

(From TV-Jobs_lin)

BTC1,38%

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ClassmateXiaoZhang93

· 2024-07-23 03:38

#币圈观察员#Jinse Finance reported that, according to Farside Investors, it is believed that the inflow of funds into SpotETH ETF on X platform may be less than that of BTC, for the following reasons: 1. SpotBTC ETF was approved first, attracting more long follow; 2. Prior to the approval of the US Spot ETF, the market size of BTC ETP was larger than that of ETH; 3. The lack of stake makes the ETH ETF relatively less attractive; 4. BTC is more correlated as a financial asset, while ETH focuses more on DAPP and on-chain applications.

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RecoupInvestment还债

· 2024-07-23 03:07

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CallMeHenry

· 2024-07-23 02:18

This wave of BTC pullback has been oscillating repeatedly, and the cycle has changed too long compared to the previous Bull Market, the market is in a state of flux, and the rhythm is not as clear as before, the mainstream still sets the main tone! This round still depends on BTC's performance, and it is very difficult to predict other market trends! BTC come on BCH come on Sozige come on Pepe Maga

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